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Area students protest inaction on student loan rate hike

Area college students demonstrated outside Roy Blunt's office in Clayton today to voice their opposition to the recent interest rate hike on educational loans. Inaction by Congress led to a doubling of the rate from 3.4 to 6.8 percent on July 1. Leaders of Young Activists United anticipated a meeting with Senator Blunt, but Tatericka Holmes, who attends SIUE, says they left disappointed. 

"It was basically his secretary who gave us this press release and told us that he was in D.C. and he could talk to us another time. But that's the second time we've heard that so when is he going to speak to us", says Holmes

Holmes says Senator Blunt expects to sponsor a bi-partisan bill capping the student loan interest rate at 8.25 percent, but protestors say that is still too high a price to pay.

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